ETH confirming its higher high earlier in the Spring, and now showing a higher low as well, each being a basis/criteria when identifying an uptrend. Technicals not needed for this one - AMAZON is in Ethereum. There is a grade of Ethereum being developed known as 'ENTERPRISE ETHEREUM'. Fundamentally speaking, it is not going anywhere. Technically speaking, I expect...
Wanted to take the time and point out what may not be the most obvious aspect of the BTC RSI right now - Ive noticed a growing 'beginner' follow base so if If unfamiliar with the concept, I suggest looking at investopedia or other online resources to familiarize yourself.
Looking at this 3d chart shown I have 4 indicators on the chart - MGv6 PRO (visit my...
TLDR: Litecoin is consolidating above major resistance, and is in a Bullish Uptrend. Halving coming up in August. Incredibly obvious buy sign. Don't ask why, just notice the previous trends. Itll do you favors.
Technically speaking, the BBands show supports at $52-$58.00 range in the event of major breakdown or tree shaking, however, the current period low of...
This will be less educational - and more of my interpretation. To address any questions on the Indicators use, its heikin ashi candles, with Kelt-Bollinger Combo (KBC) & Market God Indicator. Each the KBC and Market God 5.3 can be found for free in the public library by searching the respective terms.
My bias: Bullish
I will also include levels of support in...
Really liking MANA from these levels.
Could see attempted break from down trend/channel
MACD showing bull divergence, indicating increasing buy interest
Historic bounce level from these support zones
Historically these uptrends are 70-100%+
The method / strategy I apply to charts is far from in-depth TA (such as Elliot Waves, Gann, Wyckoff, etc), yet its simplicity makes it quick and effective when in a position or looking to make a quick swing/scalp.
That said, there are progressions and trends I'm aware of that exist on every time frame. The same logic applied on this 12M chart is the same logic...
IOST has loads of resistance against it but could easily cut above 300 sat level should the opportunity present itself. If denied, supports are laid out below as ideally the market has bottomed overall in this 2018 downtrend.
Under the bias that the market has bottomed and is moving sideways/in accumulation, another coin worth looking at is STRAT. OBV climbing on a rounded bottom reversal is just pending a higher high however has already gained loads of momentum. Expecting Sept/Oct 2018 to be a good few months for STRAT.
After dropping nearly 30% in its most recent drop (early July), ICX has been recovring and building a strong base. Expect bullish reversal continuation and a climb back to regain lost ground over the course of Sept/Oct 2018. This is under the bias that the market has bottomed and as a whole is reversing to the upside for end of 2018.
Resistances will prove to be tough in Litecoins uphill battle pending possible reversal confirmation. After hitting a low in the .008 region, I expect to see slow climb to .01, denial and the continuation into the .011 region + over the coming months. This is with the bias that the market has recovered and is moving sideways/accumulating for the next 2-3 months.
In align with the .01 and .008 expectation levels I expect LTCBTC to fall to, the USD value will also fall as the overall crypto market continues to deflate.
LTCUSD showing bearish expansion of the Bollinger Bands across majority of lower timeframes and is now clearly below the basis and middle BB on the 2wk. The lines of support that will logically be next in...
LTC below Kelt Basis and middle BB, suggesting a fall to the lower kelt and even lower BB at .008 as imminent over the course of the next few months
When an alt coin is falling like that in its relation to bitcoin we can assume 2 things:
1) Bitcoin is falling, but LTC is falling faster
2) Bitcoin is gaining quickly & LTC is not keeping up
With recent market...